The seed of today’s podcast was planted back in April 2014. That’s when Nigeria made a statistical change to the way it calculates its GDP. Overnight, Nigeria’s GDP estimate shot up by 89%, making it the biggest economy in Africa.
This is one of a series of CGD blogs on tweaks to the SDG targets.
Target 8.1 calls for rapid per capita economic growth. As this is a vital element of sustained progress on development, it is absolutely right that a comprehensive set of development goals include a growth target.
In testimony last week before the Senate Foreign Relations Subcommittee on Africa and Global Health Policy, CGD’s Ben Leo called upon Congress to modernize how the United States supports economic growth in sub-Saharan Africa. The hearing was called to reflect on the progress since the August 2014 US-Africa Leaders Summit in Washington and to address obstacles that continue to discourage greater private-sector engagement in the region.
Jobs and economic opportunies are increasingly at the top of developing nations' agendas. According to CGD senior fellow Ben Leo, China and other emerging market nations are aligning their development tools and activities with these new priorities.
Now that MCC has completed 18 compacts worth over $6 billion, many stakeholders are increasingly anxious to understand more about what these investments have actually achieved. After all, a focus on results is a key component of MCC’s core model, and the agency is known for pushing the envelope in this area. MCC’s rigorous ex-post evaluations will be the critical piece that tells the story about development impact, but the results of these studies aren’
Ambassadors George Talbot and Geir Pederson, the Co-Chairs of the negotiations for the Third International Conference on Financing for Development conference, have just issued the first version of the “Addis Ababa Accord.” The Accord will be the main outcome of the upcoming Addis Financing for Development Conference in July, billed as the event where we figure out how to pay for the Sustainable Development Goals.
Kingsley Moghalu, former Deputy Governor of the Central Bank of Nigeria, believes that Africa’s development potential lies in the hands of Africans themselves and that underdevelopment is due to the lack of a suitably ambitious worldview.
The fiscal relationship between the Central and State governments in India has just been radically transformed. As far as intergovernmental transfers are concerned, the 14th Finance Commission report will have wide-ranging implications for India and lessons for other large federal countries around the world. Here’s why: